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UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [ 4 ]
Syndicate Bank was merged into Canara Bank. ... UCO Bank (95.39%) Presently there are 43 Regional Rural Banks in India Since 1 April 2020. [9] Andhra Pradesh.
In 1996, Canara Bank became the first Indian Bank to get ISO certification for "Total Branch Banking" for its Seshadripuram branch in Bangalore. Canara Bank has now stopped opting for ISO certification of branches. On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Syndicate Bank would be merged with Canara Bank.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
UCO Bank: 1943: Kolkata, West Bengal: ... Canara Bank: Chaitanya Godavari Gramin Bank [51] 2006: Guntur, Andhra Pradesh: 219: Union Bank of India: Saptagiri Gramin ...
On 30 August 2019, Finance Minister announced that Syndicate Bank would be merged with Canara Bank. The proposal would create the fourth largest PSB trailing SBI, PNB, BoB with assets of ₹ 15.20 lakh crore (US$180 billion) and 10,324 branches. [59] [54] The Board of Directors of Canara Bank approved the merger on 13 September 2019.
At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.
The Asiatic Bank (1804) 1804: 1843: Merged to form Bank of Madras, presently the State Bank of India: Madras Presidency [1] [1] [3] 10: Bank of Calcutta: 1806: 1921: Merged with the Imperial Bank of India, presently the State Bank of India: Calcutta [1] [1] [3] 11: The Commercial Bank: 1819: 1828: Merged with The Calcutta Bank to form The Union ...